In April, the Construction PMI sank to just 8.2, "way below anything ever seen before."
UK construction activity crashes to all-time low in April - PMI https://t.co/oBv5Sg8Zzs pic.twitter.com/SV0p6EenOj— Reuters UK (@ReutersUK) May 6, 2020
The unprecedented single-digit UK construction PMI implies output in the sector could slump by over 30% y/y #PMIs $GBP $ftse pic.twitter.com/PlioRtoDH5— MacroMarketsDaily (@macro_daily) May 6, 2020
LafargeHolcim – parent company of Aggregate Industries – is apparently "well positioned to weather the crisis", cutting capital expenditure "by at least CHF 400 million compared to 2019" and "fixed costs by CHF 300 million in 2020". LafargeHolcim is confident that the aggregates industry will bounce back strongly later this year. Wishful thinking or delusion?
Just published: front page of the Financial Times UK edition Friday May 8 https://t.co/4wSEQlZGZh pic.twitter.com/pRrTJU4tEJ— Financial Times (@FinancialTimes) May 7, 2020
